\begin{table}[t]
\centering
\small
\caption{\textbf{Descriptive Statistics, County Level, 2004--2016.}
\label{tab:descriptive_county}}
\resizebox{\textwidth}{!} {
\begin{tabular}{lccccccc}
\toprule \toprule
 & & Pop-Weighted & Standard & County & & \\
 & Mean & Mean & Deviation & Demeaned SD & Min & Max & N \\
 & (1) & (2) & (3) & (4) & (5) & (6) & (7) \\[0mm]
\midrule
 & \multicolumn{7}{c}{A. Presidential Elections} \\\cline{2-8}\\[-2mm]
 Foreclosure Rate & 1.27 & 1.60 & 1.41 & 0.93 & 0.00 & 19.97 &    9,541 \\
 Dem Vote Pct & 39.26 & 52.28 & 15.05 & 4.62 & 4.83 & 95.75 &    9,541 \\
 County Population &  120,497 & -- &  354,202 & -- &      110 &   10,139,013 &    9,541 \\[1mm]\cline{2-8}\\[-4mm]
 & \multicolumn{7}{c}{B. Legislative Elections} \\\cline{2-8}\\[-2mm]
 Foreclosure Rate & 1.29 & 1.61 & 1.50 & 1.04 & 0.00 & 21.94 &   18,187 \\
 Dem Senate Vote Pct & 42.14 & 53.39 & 19.14 & 12.08 & 0.00 & 100.00 &   12,282 \\
 Dem House Vote Pct & 39.25 & 50.87 & 21.94 & 13.10 & 0.00 & 100.00 &   18,187 \\
 County Population &  124,393 & -- &  361,912 & -- &       95 &   10,200,720 &   18,187 \\
\bottomrule \bottomrule
\multicolumn{8}{p{1.05\textwidth}}{\footnotesize \emph{Note: } Panel A presents descriptive statistics 
for the merged dataset on presidential elections.  In this panel, every observation is a county within 
a four-year presidential election period.  Panel B presents descriptive statistics for the merged dataset 
on legislative elections.  In this panel, every observation is a county within a two-year congressional 
election period.  The foreclosure rate is calculated as the mean of annual total foreclosures divided by 
county population in thousands of people, where the mean is computed over the relevant time period (either the four-year 
presidential term of the two-year congressional term.)  Vote percentages are the Democratic percentage 
of the two-party vote in a given county.  County population is linearly interpolated for non-Census years.  
The second column provides means that are weighted by county population.}
\end{tabular}}
\end{table}
